Basf (OTCMKTS:BASFY) Sets New 12-Month Low – Here’s Why

Basf Se (OTCMKTS:BASFY)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $10.57 and last traded at $10.62, with a volume of 216636 shares. The stock had previously closed at $10.80.

Wall Street Analyst Weigh In

BASFY has been the subject of several analyst reports. Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. assumed coverage on Basf in a research note on Friday, October 11th. They set a “neutral” rating on the stock. UBS Group downgraded shares of Basf from a “buy” rating to a “neutral” rating in a report on Monday, October 14th. The Goldman Sachs Group upgraded shares of Basf from a “neutral” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Citigroup raised shares of Basf to a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Basf Stock Down 1.6 %

The firm has a market cap of $37.92 billion, a price-to-earnings ratio of 66.39, a P/E/G ratio of 1.16 and a beta of 1.19. The firm has a fifty day simple moving average of $11.27 and a 200-day simple moving average of $11.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09.

Basf (OTCMKTS:BASFY) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $0.09 EPS for the quarter. The business had revenue of $17.30 billion during the quarter. Basf had a net margin of 0.78% and a return on equity of 6.53%. As a group, sell-side analysts expect that Basf Se will post 0.89 EPS for the current year.

Basf Company Profile

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.